Orissa High Court orders detailed status report in complaint filed by Nestaway cofounder against Tiger Global, Chiratae, Goldman Sachs
Orissa High Court on Thursday asked the investigating officer in the criminal complaint filed against Tiger Global, Chiratae Ventures, Goldman Sachs and others by Nestaway cofounder Amarendra Sahu – alleging fraud, forgery of documents, cheating and criminal intimidation – to analyse the documentary evidence submitted by the investors and file a detailed status report.
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However, the court said that the interim order issued on December 18, 2024, will continue to be in effect. In its interim order, the court had granted protection to the investors and people against whom the complaint was filed, asking the investigating officer not to take any coercive action for the time being.
The matter has been listed for next hearing on February 14.
The court also said that while the case is being heard, it is open for the parties to explore the possibility of settlement.
Sahu had filed a criminal complaint against investors of Nestaway alleging they had promised to pay Rs 11.72 crore to him upon the sale of the home rental platform in 2023 to Aurum Prop Tech but reneged on it.
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